Boston Mayor Martin J. Walsh Monday afternoon released a written statement about the end of the city’s bid for the 2024 Olympics:

“I strongly believe that bringing the Olympic Games back to the United States would be good for our country and would have brought long-term benefits to Boston. However, no benefit is so great that it is worth handing over the financial future of our City and our citizens were rightly hesitant to be supportive as a result. We always anticipated having the time to do our due diligence on the guarantees required and a full review of the risk and mitigation package proposed last week. This is a monumental decision that cannot be rushed, even if it means not moving forward with our bid for the 2024 Summer Games.”